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Nonprofiteer
← FREEMAN NEOSHO HOSPITAL

Form 990 for tax year 2024

Filed by FREEMAN NEOSHO HOSPITAL.

Totals

Total revenue
$40,129,717
Total expenses
$32,880,553
Contributions and grants received
$38,890
Grants paid
$47,340
Program service revenue
$34,827,856
Investment income
$5,115,889
Other revenue
$147,082
Total assets, end of year
$100,031,854
Total liabilities, end of year
$7,163,272
Net assets or fund balances, end of year
$92,868,582
Program services expenses (Part IX)
$26,953,908
Management and general expenses
$5,926,645
Fundraising expenses
$0
Program service expenses (Part III)
$26,953,908

Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr Larry Barnes

    Physician/Secretary

    Total calculated
    $283,473
    From this org
    $253,321
    From related orgs
    $0
    Other
    $30,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,375
    Bonus
    $47,446
    Other
    $53,500
    Deferred
    $7,798
    Nontaxable benefits
    $22,354
    Filer's total
    $283,473

  • Mitch McCumber

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paula Baker

    President and CEO

    Total calculated
    $2,115,755
    From this org
    $414,954
    From related orgs
    $1,659,816
    Other
    $40,985
    Hours/week
    6 + 61.5 related

    Schedule J breakdown matched by us

    Base
    $298,993 + $1,195,971 related
    Bonus
    $105,261 + $421,045 related
    Other
    $10,700 + $42,800 related
    Deferred
    $2,070 + $8,280 related
    Nontaxable benefits
    $6,127 + $24,508 related
    Filer's total
    $423,151 + $1,692,604 related

  • Rudy Farber

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Dr Brady Hesington MD

    Physician/Director

    Total calculated
    $425,271
    From this org
    $384,005
    From related orgs
    $0
    Other
    $41,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,801
    Bonus
    $47,164
    Other
    $24,040
    Deferred
    $10,350
    Nontaxable benefits
    $30,916
    Filer's total
    $425,271

  • Dr Craig Pendergrass DO

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Kent Farnsworth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Wasson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Renee Denton

    Chief Operating Officer

    Total calculated
    $260,621
    From this org
    $220,561
    From related orgs
    $0
    Other
    $40,060
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $160,726
    Bonus
    $36,258
    Other
    $23,577
    Deferred
    $6,968
    Nontaxable benefits
    $33,092
    Filer's total
    $260,621

  • Steve Graddy

    CFO

    Total calculated
    $892,954
    From this org
    $143,127
    From related orgs
    $715,633
    Other
    $34,194
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $109,311 + $546,552 related
    Bonus
    $29,223 + $146,114 related
    Other
    $4,593 + $22,967 related
    Deferred
    $1,725 + $8,625 related
    Nontaxable benefits
    $3,974 + $19,870 related
    Filer's total
    $148,826 + $744,128 related

  • Adam James Field DO

    Physician

    Total calculated
    $353,355
    From this org
    $318,298
    From related orgs
    $0
    Other
    $35,057
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $281,707
    Bonus
    $16,000
    Other
    $20,591
    Deferred
    $9,706
    Nontaxable benefits
    $25,351
    Filer's total
    $353,355

  • Benjamin Hogan Cesarz DO

    Physician

    Total calculated
    $472,944
    From this org
    $452,765
    From related orgs
    $0
    Other
    $20,179
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $421,647
    Bonus
    $31,118
    Other
    $0
    Deferred
    $10,350
    Nontaxable benefits
    $9,829
    Filer's total
    $472,944

  • Douglas McDonald DO

    Physician

    Total calculated
    $694,527
    From this org
    $650,197
    From related orgs
    $0
    Other
    $44,330
    Hours/week
    31 + 30 related

    Schedule J breakdown matched by us

    Base
    $587,844
    Bonus
    $39,353
    Other
    $23,000
    Deferred
    $10,350
    Nontaxable benefits
    $33,980
    Filer's total
    $694,527

  • Matthew T Walter MD

    Physician

    Total calculated
    $451,880
    From this org
    $431,613
    From related orgs
    $0
    Other
    $20,267
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $358,246
    Bonus
    $19,867
    Other
    $53,500
    Deferred
    $10,350
    Nontaxable benefits
    $9,917
    Filer's total
    $451,880

  • Michael Jay Pace DO

    Physician

    Total calculated
    $499,597
    From this org
    $482,192
    From related orgs
    $0
    Other
    $17,405
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $443,942
    Bonus
    $38,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,405
    Filer's total
    $499,597

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
FREEMAN HEALTH SYSTEM PROVIDES MANAGEMENT THE POTENTIAL TO RECEIVE AN AT-RISK PAYMENT BASED ON SYSTEM AND INDIVIDUAL GOAL ACHIEVEMENT. THE AMOUNT OF COMPENSATION IS BASED UPON A PERCENTAGE OF THE EMPLOYEE'S ANNUAL COMPENSATION AND IS SUBJECT TO BOARD APPROVAL.
Schedule J, Part II, Column (B)(ii) BONUS & INCENTIVE COMPENSATION
THE ORGANIZATION PROVIDES PHYSICIANS THE POTENTIAL TO RECEIVE ANNUAL BONUS COMPENSATION. PHYSICIAN BONUSES ARE CALCULATED BASED ON GENERATING WORKED RELATIVE VALUE UNITS (WRVU). EMPLOYMENT CONTRACTS SPECIFY THE NUMBER OF REQUIRED WRVUS (TO OBTAIN AN ANNUAL SALARY) AND THE ADDITIONAL BONUS COMPENSATION PHYSICIANS WILL RECEIVE ONCE THE REQUIRED WRVUS HAVE BEEN MET. ADDITIONAL BONUS COMPENSATION IS CALCULATED BY MULTIPLYING THE WRVUS IN EXCESS OF REQUIRED WRVUS TIMES A PREDETERMINED COMPENSATION FACTOR. WRVUS SHALL BE COMPUTED BY USE OF THE APPROVED MEDICARE METHODS OF COMPUTATION FOR PHYSICIAN PRACTICES.
Schedule J, Part II, Column (F) COMPENSATION REPORTED IN PRIOR FORM 990
COMPENSATION IS REPORTED ON THE FORM 990 IN THE YEAR THAT THE COMPENSATION IS EARNED BY OR AWARDED TO AN INDIVIDUAL, EVEN IF THE COMPENSATION IS NOT PAID TO THE INDIVIDUAL, IS NOT FULLY VESTED, OR IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. IF COMPENSATION IS EARNED OR AWARDED IN ONE YEAR BUT PAID IN A LATER YEAR, THEN THE COMPENSATION IS REPORTED A SECOND TIME ON THE FORM 990 IN THE YEAR THE COMPENSATION IS VESTED OR PAID TO THE INDIVIDUAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.1
Source object
202620469349300412

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